Man GLG Stockmarket Managed A Ret

Managed fund of internal funds (retail and institutional) with some 60% UK.

  • 191.70p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.68%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 25 September 2020, fund data last updated 29 August 2003

Fund summary

Sector Flexible Investment
Structure OEIC
Launched November, 2000
Size £131m
Yield 1.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%

Allocation

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Investment process

The objective of the fund is to provide capital growth over the long term. In order to achieve the objective, the fund invests in unit trusts and OEICs operated or managed by the group.

Manager research

Average monthly relative returns

  • 15/16 -0.95%
  • 16/17 -0.09%
  • 17/18 -0.23%
  • 18/19 -0.42%
  • 19/20 0.23%

Bestinvest MRI

  • 3 years -0.14%
  • 5 years -0.29%
  • Career -0.20%
  • 3 years 36.30%
  • 5 years 9.50%
  • Career 17.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Ben Funnell

Funnell is a UK-based fund manager for GLG Partners with a focus on asset allocation. He joined the group in May 2006 after 8 years at Morgan Stanley as a European Strategist.

Track record

Ben Funnell has 11.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.2%. During the worst period of relative performance (from June 2009 - August 2019) there was a decline of 27% relative to the index. The worst absolute loss has been 18%.

Periods of worst performance

Absolute -18.00% (December 2019 - March 2020)
Relative -27.00% (June 2009 - August 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

19.8% S&P500 Emini Fut Sep20 (Cme)
17.99% Man Glg Uk Income Fund
7.81% Man Glg Alpha Select Alternative
7.76% Glg Japan Core Alpha Equity
5.47% Man Glg European Income Opportunities
4.73% Man Glg Undervalued Assets Fund
4.42% Man Glg Euro Alpha Income Fund
4.23% Man Glg Innovation Equity Alternative
4.07% Man Dynamic Allocation Fund
4.03% Man Glg High Yield Opportunities Fund
Source: Trustnet

Key Investor Information

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